[amp_mcq option1=”cost statement” option2=”preformed statement” option3=”sales statement” option4=”market statement” correct=”option1″]
The correct answer is A. cost statement.
A cost statement is a financial statement that shows the costs of a company’s operations. It is also known as a profit and loss statement or an income statement. The cost statement shows the company’s revenues, expenses, and net income.
A preformed statement is a statement that is prepared in advance of an event. It is used to estimate the costs and revenues of an event.
A sales statement is a financial statement that shows the sales of a company. It is also known as a revenue statement. The sales statement shows the company’s total sales, as well as the sales of each product or service.
A market statement is a financial statement that shows the market value of a company. It is also known as a valuation statement. The market statement shows the company’s market capitalization, as well as the market value of each share of stock.